Sipp firm with a total investment value of £130m enters administration

Thu, 13 Jun 2019 | ADMINISTRATION

GPC Sipp Limited, a firm specialising in providing technical and administration services to the Guardian Pension Trustees Limited, has collapsed into administration.

The company has called in financial advisory specialists Smith & Williamson to handle the administration process, with partners Adam Stephens and Henry Shinners appointed as joint administrators.

In a statement to the public, the administrators claimed they were exploring ways to rescue the company with a view to selling it in order to attain the best possible outcome for its clients. A sale would include the transfer of client assets to the new provider.

Stephens said: “In line with [our] objectives, the joint administrators are continuing to trade the business whilst in ongoing discussions with a number of interested parties as part of our work to try and sell the company’s business as a going concern.

“Any interested parties should contact the company immediately. All existing employees have been retained as part of this process.”

Estimated to have a total investment value of £130 million, GPC Sipp is the corporate trustee of 50 small self-administered schemes and 3,200 self-invested personal pensions.

However, the company’s decline was a result of it having 2,700 Sipps with alternative investments, a significant number of which failed. As a result, 141 Sipp clients have launched legal action against GPC, which caused a “significant drain on resources” leading to insolvency.

The administrators further noted that the company had not marketed their services since 2013 due to the failed investment of the assets in the Sipps between 2009 and 2012.

Guardian Pension Trustees Limited is not in administration.

Expressions of interest from potential buyers are actively being invited by the administrators.

For more news stories about administrations click here. For all our administrations listings, click here.

Share this article

Latest Businesses for Sale

Care Recruitment Agency
UK Wide

Highly profitable, niche operation supplying high-quality recruitment solutions for over 18 years. Specialises in the provision of healthcare assistants and support workers for residential care homes. Strong database of over 300 professionally traine...

Asking Price: Offers Invited
Turnover: £2,500,000


Application Development Practice Providing Bespoke Business Systems
South East, UK

Builds & implements bespoke business systems crafted to an exceptional standard including web-based digital tools social collaboration solutions & web product development for blue-chip SME & start-up clients operating in a range of industries. The co...

Asking Price: Offers Invited
Turnover: £1,900,000

Independent Stockbroker & Wealth Manager
London, UK

Provides discretionary, advisory and execution services to retail and professional clients throughout the UK and internationally. Delivers unbiased and transparent information, advice and strategies, which are tailored to meet its clients’ unique in...

Asking Price: Offers Invited
Turnover: £2,000,000


View more businesses for sale

News Search

Latest News


PPL Corp. seeks sale of Western Power Distribution | BUSINESS SALE

PPL Corporation has announced that it has put its UK utility...


Adelie Foods’ Urban Eat brand acquired by Samworth Brothers | BUSINESS SALE

Samworth Brothers has completed the £6.4 million acqui...


Wrexham-based wire firm falls into administration | ADMINISTRATION

Wire manufacturer Wrexham Wire has fallen into administratio...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide


Related News


Fintech company Loot collapses into administration | ADMINISTRATION

After failing to secure further backing from the Royal Bank ...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources